Bharat Petroleum Corporation Ltd’s Assam-based facility Numaligarh Refinery Limited (NRL) has signed a term sheet with Chempolis Ltd, a Finland-based bio refining technology for setting up a bio-refinery unit. The term sheet will be the basis for formation of a joint venture agreement for implementation of the project. A partnership agreement for the biorefinery project was signed between NRL and Chempolis in 2014.
According to a statement from NRL, the company is implementing India’s first bio-refinery in Assam at an estimated cost of Rs 9.50 billion which would produce bio-ethanol with co-production of furfural and acetic acid from locally available non-food bio-mass feedstock. Bamboo is one of the major non-food biomass resources available abundantly in North East India and is among the fastest growing plants. 49,000 tons of bio ethanol produced annually would primarily be used to blend NRL petrol as mandated by the National Policy on Biofuel, with the surplus to be sold to other oil marketing companies.
The company added that NRL has already inked MoUs with Nagaland Bamboo Development Agency (NBDA) and Arunachal Pradesh Bamboo Resources Development Agency (APBRDA) last year for sourcing of bamboo for the Bio Refinery. Cam Atkinson Authentic JerseyShare This